Windows Phone put a significant drag on Microsoft's fourth-quarter earnings, released Tuesday. Revenue for the troubled platform decreased by $552 million, or 68 percent. Both Lumia and non-Lumia phone revenue declined, which Microsoft attributes to lower volumes and lower-priced devices.
average payment period. Definition. APP. The number of days a company takes to pay off credit purchases. It is calculated as accounts payable / (total annual purchases / 360). Use this term in a sentence. â You should always know how long your average payment period will be so that you can be prepared when the time comes.
What is a minimum payment? You must pay at least the Minimum Payment by each Payment Due Date shown on your monthly statement to remain in good standing. The minimum payment required is $10 plus interest and any fees (plus any past due amount or any amount that exceeds your credit limit) for all cards.